DETROIT (AP) — General Motors is agreeing to a $5 billion stock buyback, heading off a proxy fight with a group of hedge funds. The buyback is part of a deal with former Obama administration autos task force member Harry Wilson, who agreed to drop his hostile candidacy for the GM board.
Comment on GM plans $5B stock buyback, avoids showdown with hedge funds
Business Heds Index, Seattle Post-Intelligencer: Business
Mon, 03/09/2015 - 5:04am
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